5pts Question 17 Your firm has estimated that it will spend $35 million on new capital budgeting projects during the coming year. You have collected the following information: - Your firm expects to raise the $35 million as $10.50 million of debt and $24.50 million of equity . Your firm expects to add $9.80 million to retained eamings over the coming year that can be used to support the $14.50 million in equity that it needs to raise. The company has 10-year corporate bonds outstanding that pay a coupon of $45 every 6 months and have a current price of $1,013.121388. New debt can be issued as a private placement (no flotation expense) and will have the same level of risk as the firm's current debt. The company's tax rate is 40 percent. The risk-free rate is 4 percent. The market risk premium is 12 percent. The stock's beta is 1.45. The company expects to pay a dividend on its common stock of $6.93 per share next year (D) The company's ROE is 20% and its dividend payout rate is 70%. If the firm issues new shares of common stock, they will sell for the current price, but the firm will have to pay flotation expense of 20%. Based on this information, determine the average, weighted average cost of capital, for raising the entire $35 million - Enter your answer to 4-decimal places. For example, if your answer is 9.55%, enter "0.0955" Question 17 Your um stated that it will spend 5 milion on w durin com You have collected the following information Your expects to raise the $35 million as 510 So million of debt and 24,50 million of equity . Your expects to add $9.00 million to retained coming over the coming year that can be uued to support the $14.50 million in equity that it needs to rate The company has 10-year corporate bonds outstanding that may a coupon of 545 evry months and have a current price of $1.013 121380 New debit can be issued as a private placementino Rotation bene and will have the same level of risk as the 's current debt. The company's tax rate is 40 percent The risk-free rate is 4 percent The market risk premium is 12 percent. The stock's betais 1.45 The company expects to pay a dividend on its common stock of $6.93 per share next year (0) The company's ROE is 20% and its dividend payout rate is 70% If the firm issues new shares of common stock, they will sell for the current price, but the firm will have to pay flotation expense of 20% Based on this information, determine the average, weighted average cost of capital for raising the entire 535 million Enter your answer to 4-decimal places. For example, if your answer is 9.55%, enter"0.0955